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Accounting firm Armanino McKenna LLP has formed a division that will act as a media-consulting firm under the leadership of a former newspaper publisher.

Large companies in the United States are getting better at managing potentially critical business risks, according to a new study.

One of the more intriguing ideas in the energy bill that the House passed over the weekend was that of doing a "carbon audit" of the U.S. Tax Code. Exactly how Congress proposes to conduct such an audit is another matter.

Longstanding weaknesses in the financial systems of government agencies pose a "formidable challenge," according to a report released by the Government Accountability Office.

The remaining five defendants in the KPMG tax shelter case are seeking a postponement in the trial until after October.

Bestselling financial writer Wade Cook was slapped with an 88-month jail term for defrauding the Internal Revenue Service.

A majority of financial executives rank data quality and information integrity as the No. 1 priority, according to a new survey.

House lawmakers passed a $16 billion energy tax bill that does away with tax breaks for oil and gas companies and shifts the incentives to alternative energy, despite the threat of a veto from President Bush.

The Internal Revenue Service said that owners of thousands of Ford, Toyota and Lexus hybrid vehicles can continue to claim the Alternative Motor Vehicle Credit, but the phase-out period for claiming the credit has already begun for Toyota and Lexus owners because of strong sales of the company's hybrids.

According to a recent press release, a nationwide telephone survey of 1,000 investors conducted for the Center for Audit Quality (CAQ) indicated that 79 percent of those surveyed felt changes brought about by the Sarbanes-Oxley Act bolstered their confidence in financial information presented.